An innovative smart grid framework for integration and trading

dc.contributor.authorSilva, Fábio
dc.contributor.authorO'Regan, Brian
dc.contributor.funderDepartment of Business, Enterprise and Innovation, Irelanden
dc.date.accessioned2022-10-06T10:27:06Z
dc.date.available2022-10-06T10:27:06Z
dc.date.issued2021-07-26
dc.date.updated2022-10-06T09:17:50Z
dc.description.abstractSmart Grids (SGs) are at the forefront of the renewable resources transformative change for power generation. Due to its decentralised energy generation approach and potential reduction of the cost of power, its relevance for the energy sector is insurmountable. However, new business models and processes are necessary, and they come with integration, implementation, and operation-specific challenges. This work offers a broad analysis of SGâ main architectural aspects concerning security issues, integration bottlenecks and standardisation shortcomings in the development of an efficient platform for local energy (generation and storage) surplus trading. Through a multi-layered smart grid architecture description, this work develops an in-depth depiction of the interoperability between these layers (from top business layer passing through information and communications layers, and down to generation and storage layers). Therefore, this paper encompasses a comprehensive framework to address central smart grids design aspects and suggests a path to integrate the smart grid components into a cohesive and manageable trading platform. Finally, this work demonstrates how the proposed framework can be applied to real market study cases to highlight its solutions, provide a critical evaluation of potential implementation pitfalls, and identify opportunities for further state-of-the-art research.en
dc.description.sponsorshipDepartment of Business, Enterprise and Innovation (Disruptive Technologies Innovation Fund (DTIF))en
dc.description.statusNot peer revieweden
dc.description.versionPublished Versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.articleid02007en
dc.identifier.citationSilva, F. and O'Regan, B. (2021) 'An innovative smart grid framework for integration and trading', 2021 6th International Conference on Sustainable and Renewable Energy Engineering (ICSREE 2021), Strasbourg, France, 5-7 May. E3S Web of Conferences, 294 (2021) 02007 (5pp). doi: 10.1051/e3sconf/202129402007en
dc.identifier.doi10.1051/e3sconf/202129402007en
dc.identifier.endpage5en
dc.identifier.journaltitleE3S Web of Conferencesen
dc.identifier.startpage1en
dc.identifier.urihttps://hdl.handle.net/10468/13752
dc.identifier.volume294en
dc.language.isoenen
dc.publisherEDP Sciencesen
dc.rights© 2021, the Authors, published by EDP Sciences. This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.en
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/en
dc.subjectSmart gridsen
dc.titleAn innovative smart grid framework for integration and tradingen
dc.typeConference itemen
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